# Kaynes Technology to invest ₹2,800 crore in semiconductor facility near Hyderabad

Kaynes Technology will invest ₹2,800 crore to set up a semiconductor OSAT and compound semiconductor facility at Kongara Kalan near Hyderabad, India. The facility will employ 2,000 people.

- Type: Investment
- Announced: 2023-10-06
- Where: Kongara Kalan, Hyderabad, Telangana, India
- Value: $336.0M (28.0B INR)
- Jobs: 2,000
- Status: announced
- Products: semiconductor OSAT, compound semiconductor
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Kaynes Semicon](https://endata.com/companies/15328.md)
- [Kaynes Technology](https://endata.com/companies/73082.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/info-tech/kaynes-technology-to-invest-2800-crore-on-semiconductor-facility/article67389677.ece), 2023-10-06: "Kaynes Technology will invest ₹2,800 crore to set up a semiconductor OSAT (Outsourced Semiconductor Assembly and Test) and compound semiconductor facility at Kongara Kalan near Hyderabad."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.